SpaceX has held preliminary talks with major insurers to underwrite orbital AI data center hardware, aiming to secure coverage that underpins the debt financing needed for its satellites. Oppenheimer lifted its 12-month price target on SpaceX to $250 from $190 after revising its fourth-quarter 2026 AI revenue forecast to $8.75 billion.
SpaceX has engaged in preliminary discussions with insurers including Marsh and Lloyd’s to establish coverage for orbital AI data center hardware. These talks focus on modelling launch failures, satellite malfunctions and AI chip vulnerabilities in order to secure the debt financing needed to scale its satellite-based data infrastructure.
Analyst Timothy Horan raised SpaceX’s 12-month price target from $190 to $250, crediting the Cursor acquisition for bolstering the company’s AI compute stack. Oppenheimer revised its fourth-quarter 2026 AI revenue forecast to $8.75 billion from $4.75 billion, highlighted Cursor’s current $4 billion annual run rate and projected $6 billion by year-end 2026.
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